First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.82 and traded as high as C$23.33. First Capital Real Estate Investment Trust shares last traded at C$23.27, with a volume of 3,275,670 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce cut First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price target for the stock from C$22.50 to C$24.40 in a research note on Friday, April 17th. Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from C$23.50 to C$24.40 in a research note on Friday, April 17th. National Bank Financial increased their target price on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Raymond James Financial cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Finally, BMO Capital Markets cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$22.00 to C$24.20 in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, First Capital Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of C$23.36.

First Capital Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$4.95 billion, a PE ratio of 4.61, a PEG ratio of -2.77 and a beta of 0.99. The business has a 50 day moving average price of C$22.66 and a 200 day moving average price of C$20.82. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.43 earnings per share for the quarter. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. The company had revenue of C$189.71 million during the quarter. As a group, equities research analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current year.

First Capital Real Estate Investment Trust Company Profile

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.